Vista Equity Partners has sold an $800m minority stake in LogicMonitor, a SaaS-based hybrid observability platform powered by artificial intelligence (AI), to a consortium of investors including PSG, Golub Capital, and others.
Following closing of the investment, which values LogicMonitor at $2.4bn, including debt, Vista will remain the controlling shareholder in the business.
According to a press statement, the investment round will “fuel LogicMonitor’s pivotal role in bridging the intelligence of AI with the operational backbone of data centres, ensuring these mission-critical ecosystems operate with optimal performance, sustainability, and resilience”.
LogicMonitor serves as a partner for data centre monitoring and optimisation, providing 100,000 users across 30 countries with predictive analytics and real-time insights into infrastructure health.
The $800m investment will be used to enable LogicMonitor to accelerate platform expansion opportunities including new mergers and acquisitions as well as broadening its footprint into new global markets, ensuring data centres worldwide can meet local demands while benefiting from advanced observability management tools.
In addition, the funding will allow the company to diversify into new verticals to bring AI-driven insights and data centre observability management to new industries.
Evercore acted as lead financial advisor to LogicMonitor and Morgan Stanley also advised LogicMonitor on the transaction.
